Semiconductor manufacturer Soitec has completed its acquisition of Soitec Solar, formerly Concentrix Solar. The purchase process began in 2009 and Soitec has finalized the acquisition of the remaining shares.
Part of the company’s strategy for the last few years has been to purchase PV manufacturers and engage in PV and CPV systems development and technical collaborations. One of those collaborators is the Fraunhofer Institute for Solar Energy Systems (ISE). Soitec has been developing the SmartCell in co-operation with the ISE.
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“As we complete the successful integration of this new solar activity, we are confirming our leadership strategy for the CPV market. Soitec Solar GmbH enables us to apply our materials engineering expertise to the development of high- performance photovoltaic systems at a competitive cost. Moreover, the synergies that we have in this field with our partners including Fraunhofer and CEA-Leti are contributing to the rapid deployment of our innovations. These partnerships demonstrate the advantages of public-private research, collaboration to promote innovations as rapidly as possible by industrializing them,” explained André-Jacques Auberton-Hervé, Soitec’s president and CEO.
